Evercoin Review – Scam or Legit Crypto Exchange?

As there has been an increase in demand for digital assets including ETH and BTC, a lot of online exchanges have been released to the public for commercial use. Evercoin is one such venture that is based out of Silicon Valley. Evercoin was invented by Talip Ozturk, who created Hazelcast, a highly popular ‘open source in-memory distributed database as well.

As per his bio online, Talip has been in this domain for over a decade now. Owing to his educational background he has created Evercoin by merging open systems with distributed governance models. As a result, he has created an online exchange that permits for maximum trading efficiency.

Evercoin Review

Evercoin is an instant-access cryptocurrency exchange that has been around for over 1 year now. While it may not be something novel in the market, what actually makes it stand out is the fact that it supports trading without making use of a verified account.

Low Transaction Fee:

As per the official Evercoin website, all of the fees (miner/blockchain fee) that are charged traditionally by online exchanges and trading platforms have been baked into their intrinsic pricing scheme. This aids to do away with the need of any additional costs or charges.

Evercoin – How Does It All Work?

The whole process is quite straightforward. It can be broken down into 3 primary steps. They include:

Transaction Set Up:

Evercoin users require to first off by typing in the amount of ETH, BTC (or any other currency) that they would like to buy. When the amount has been entered, the Evercoin system will automatically compute an exchange rate for the transaction. When everything is in order, users simply require clicking on the ‘Get Started’ button to move to the next step.

Address Input:

Evercoin users need to input the destination in order to execute the trade, as well as the refund addresses into the designated areas. You should double-check the address, as once a trade has been executed, it cannot be reversed.

Execution:

When all of the details have been entered correctly, the users have to click on the ‘exchange’ button to send the required funds across.

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Other Important Details To Consider

Trade Limits:

To control trade activities within the network, there are “minimum and maximum limits” for every transaction. These thresholds have been evidently shown on the official Evercoin website and it is advisable for users to check them out before executing high volume trades.

Secure:

Evercoin utilizes a protective feature to safeguard the possessions. If the payment is not processed within 10 minutes of initiation it lets a transaction expire.

Fast:

Since all of the transactions are done completely via public blockchains, the speed of an individual transaction depends upon the “confirmation speed” of the particular blockchain. For instance, a BTC exchange will take about 10 minutes approximately, while ETH takes around 10 seconds.

Proprietary System:

Developers who have meticulously worked to create an infallible payment system have done the coding of this Evercoin platform.

How Do You Sign Up To Evercoin?

Evercoindoes not ask users to create accounts and go through many ID checks. All one needs to do is go to the website, and just follow the steps outlined there. The entire process is quite straightforward. Currency transfer can be done within 15 minutes.

For clarifying any additional doubts or clarifications, users are asked to get in touch with the Evercoin customer support team through email.

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